In today's fast-paced business world, technology plays a critical role in the success of any company, but it can also be a company's biggest downfall if not looked after. From using computers and software to manage day-to-day operations to developing cutting-edge technology that drives innovation and growth, technology has become an essential part of any modern company.
However, as technology evolves and becomes increasingly complex, companies must ensure that their technology infrastructure is secure, efficient, and compliant with regulations. This is where information tech auditing comes into play to help with tech sprawl.
A Tech Auditing evaluates a company's technology infrastructure to identify areas that require improvement and potential risks and ensure that the technology meets the organization's goals and objectives. Doing this provides a comprehensive review of the hardware, software, and network components of an organization's IT infrastructure.
Why should companies conduct SaaS tech audits?In general, a technology audit is beneficial. Still, in the current climate, where 45% of organizations report cutting their budgets, including a tech audit is even more pertinent than ever before. Most companies focus on keeping the crucial systems running smoothly while simultaneously stretching the dollar wherever possible while trimming off the unnecessary. There are several reasons why companies should conduct tech audits:
- Security: In today's world, cybersecurity is more critical than ever. Technology audits help identify vulnerabilities in the infrastructure that hackers can exploit and help businesses reduce the risk of cyber-attacks and protect sensitive data.
- Efficiency: A information technology audit can help identify areas where processes can be streamlined, hardware and software can be updated or replaced, or infrastructure can be optimized for improved performance. This can lead to increased efficiency and productivity, ultimately resulting in cost savings for the company.
- Compliance: Depending on the industry and jurisdiction, companies may be subject to various regulations regarding technology infrastructure. Tech audits can ensure that the organization complies with these regulations, avoiding costly penalties and reputational damage.
Technology audits can also help companies discover where they need to utilize their current technology more effectively instead of finding another tool digging into the current tech stack, and maximizing the future utility of tech's capabilities. A technology audit is about cutting and optimizing costs.
How does SaaS tech auditing work?
In the past decade, many organizations bought into technology at a faster pace than they could handle. Doing this results in tech sprawl and paying for tech that has the functionality resulting in wasting money on an overly complicated tech stack. Companies all want a competitive advantage, but there are better ways to go about it than spending money on redundant tools. Tech auditing involves systematically analyzing the company's IT infrastructure to reign in and rationalize the tech stacks and determine where overlaps occur. The process typically involves the following steps:
- Planning: This involves identifying the scope of the audit, the resources required, and the objectives of the audit.
- Data collection: Auditors collect data on the organization's infrastructure; this can include a CRM, CMS, ERP, and any other SaaS products.
- Analysis: Auditors analyze the data to identify risk areas, inefficiency, or non-compliance with regulations or industry best practices.
- Reporting: The audit findings are documented in a report that identifies the strengths and weaknesses of the infrastructure and provides recommendations for improvement.
- Follow-up: After the audit, the organization implements the recommended changes and follows up with periodic audits to ensure continued compliance and improvement.
Tech auditing is a critical process that every company should consider to ensure their technology infrastructure's security, efficiency, and compliance. Companies can identify potential risks, streamline processes, optimize resources, and ensure compliance with regulations by conducting regular tech audits.
Ultimately, this can lead to cost savings, increased productivity, and improved performance, providing a competitive advantage in today's fast-paced business world. After all, technology is here to help you grow, not hold you back. At Instrumental Group, our Director of Technology Solutions, Michele Garcia, is here to help you out!